A few highlights (there are more in the report) –
1 – Inventory is down across the Charlottesville MSA. Quality inventory is seemingly non-existent, depending on your market segment.
2 – Buyers are smart, savvy and patient. Prices go down, sales volume goes up.
3 – New construction costs are up across the board.
4 – Distressed sales continue to drop; they still comprise a significant volume, but less now.
5 – Shadow inventory remains an unknown and thus, a concern.
Click through to read the entire report.
Interested in Learning More?
Jim Duncan has been helping buyers and sellers in Charlottesville’s neighborhoods for 25 years. Get local insight born of experience.
Dig Deeper
Thoughts on 2026 Albemarle County Assessments
Albemarle County assessments increased again in 2026. Want to challenge your assessment? Here's the form. Curious about FAQs about Albemarle County assessments, here's the FAQ. Think your assessment is too high or too low? Ask me; I'm happy to give a quick thought or two.…
When Will Homes Come on the Market in Charlottesville and Albemarle in 2026?
When will homes come on the market in Charlottesville and Albemarle in 2026? The Charlottesville real estate cycle has bee fairly consistent over the years. In 2023, I wrote a similar story to this one. The biggest two changes between 2023 and 2026* are: interest…
Developers Have Long-Term Vision
Developers think and plan long-term. Generally. An example. Many years ago, I represented sellers of a piece up land up 29 North. It was a relatively small piece of land, and we received an offer pretty quickly for asking price. About twenty years later, all…
Who Knew HOAs Could be Progressive? No Woodstoves?
No woodstoves in your neighborhood? Woodstoves. No woodstove (including free-standing and fireplace insert) shall be installed, maintained or used on any Lot. Read the HOA packages, folks. My clients found this when they read the HOA docs. There's often some interesting things in homeowner association…